The acquisition is meant to extend Aleph Holding’s global footprint.
Aleph Holding, a global partner to the world's biggest digital media players, has announced today its acquisition of 86% of Connect Ads in a cash and shares’ swap transaction. The acquisition sees Aleph Holding entering the MENA market as it continues its drive to expand globally and increase its presence in new territories.
Aleph provides leading digital platforms such as Facebook and many others access to new geographies and under-served markets through its complementary suite of digital media service companies which include Httpool, Internet Media Services, Wise.Blue, Social Snack, and AdDynamo.
The majority acquisition of Connect Ads extends Aleph's services across the MENA region through Connect Ads’ more than 14 other exclusive media partnerships with global and leading digital media names including Twitter, TikTok, Verizon Media, Spotify, Adobe Advertising Cloud, Huawei Ads, Bigo Ads, and many more.
In 2021, Aleph is on track to generate $1 billion in sales with an expanded footprint reaching over 90 markets. The acquisition marks a key milestone in this journey.
"There is huge value in expanding throughout MENA, both to serve our current partners and clients and to expand on existing relationships in other parts of the world. We have been following Connect Ads’ growth and geographical expansion over the last five years and I am excited to welcome them to the Aleph family. We will work together with Connect Ads and A15 to make this a successful partnership," said Gastón Taratuta, Founder & CEO of Aleph Holding.
"A15 is happy with the phenomenal results, value, and growth that Connect Ads created over the years; it validates A15’s venture-building strategy in creating outliers. This is A15’s second dragon exit from fund I, and our third major exit overall,” said Karim Beshara, General Partner of A15.
He adds, “A15 is looking forward to continuing this journey with Aleph and Connect Ads and to contributing to a global digital powerhouse. We are excited about the growth opportunities and potential returns this deal will bring in the future.”
"We see this as a giant leap in the right direction for Connect Ads and all our stakeholders, including our teams, partners, and clients. Being a part of Aleph, this truly global structure, will give us more leverage in managing our business as well as global exposure and potential that goes far beyond MENA and EMEA. The numerous synergies and shared vision make this a very exciting time for us. The enhanced accessibility that this entails will enable us to grow faster and bigger than ever before,” said Mohamed El Mehairy, CEO of Connect Ads.
The completion of the transaction remains subject to other closing conditions, including the receipt of customary approvals in certain jurisdictions.